{quote}well done!
- #7,582
- Aug 10, 2016 6:15am Aug 10, 2016 6:15am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} Thanks Philippine. But first, one has to figure out there is a pulse, and then more importantly, find it and synchronize with it. Thank you for your help in that regard.
price goes down coz it is sold?
or coz is not bought at the moment?
I ask myself
nescentia necat
Ger30 -18 +20 +3 +3 +16 +ongoing. (edit. closed for 25) My morning trades. I made one error...i simply did not want to let DD run above 20 pips. My analysis however was right. I recovered my loss quickly and moved on. The more time I spend looking and learning about chart patterns/PA, the more convinced I become that this is a repetitive game of pattern recognition fueled by experience. Not saying just look for patterns alone, but of course you must support it with evidence to find high probability trades. I find it difficult to compare my trading...
for my easy understand i was marked the places, can u explain the different of first and second circles
congrats ur green pips
- #7,586
- Aug 10, 2016 8:58am Aug 10, 2016 8:58am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} great question, friska. It's a fundamental one and unfortunately a lot of the traders do not know the correct answer
nescentia necat
- #7,587
- Aug 10, 2016 9:02am Aug 10, 2016 9:02am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #7,588
- Edited 11:34am Aug 10, 2016 10:40am | Edited 11:34am
- | Joined Feb 2015 | Status: Trader | 697 Posts
{quote} josh can u explain how u confirmed macd gain momentum ? for my easy understand i was marked the places, can u explain the different of first and second circles congrats ur green pips
Thanks. I hope to give you a satisfactory answer to your MACD question.
The answer to your question is....context / "What happened before". This is something that I ask myself before I consider taking a trade. Both circles you have marked are very similar, and if you were to look at the MACD alone, you would be easily "fooled" if you did not align its activity to the PA, and perhaps more importantly, the activity on the HTF chart.
So lets examine the activity on the first circle. - Why I didn't take that short. To tell you the truth, I had a scenario of going short.(i always do lol) It was based on the PA idea that we had just had two rejections at the Daily Open Line which is also a pivot. I dismissed the idea because for the past few days GER30 has been in a strong uptrend. In order to consider short, even a quickie, there would have to be reasons to do so...and even more importantly, such a reason should come from the 10 pip chart. For example, take a look at the 200% ext. zone on a chart i posted very recently on the thread. ( i called it absolutely shocking)
MACD showed a very narrow activity I marked, while both 5 and 10 pip stoch were rising, which also did not support a short, and the divergence i marked disqualified it.
Second circle - please note that I did not go short here, until the 10 pip chart confirmed the 2B pattern. After that, it was just a question of finding a good spot. Take a look at what 10 pip MACD did at the 2B. I hope this answers your question.
This is i believe the best way I can explain my logic. And let me state this - my logic is not always correct, but I try to make it sound.
Edit. I would like to add this, despite being slightly Off Topic. Until up to a few months ago, I would find myself looking for reversals based on divergences at BRN etc, during strong trends. What is worse, i would glue myself to the 5 pip chart, take the shorts/longs that are counter trend hoping they were reversals...it did not go well...until I came to the conclusion, the same one Dee talked about...that regular trading of divergences is very different ball game compared to trends. In a strong trend, one has to have a different mindset as divergences alone will mostly signal pullbacks rather than reversals.
Best, Josh
- #7,591
- Aug 10, 2016 11:28am Aug 10, 2016 11:28am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
{quote}
Best, Josh
- #7,593
- Aug 10, 2016 12:26pm Aug 10, 2016 12:26pm
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
{quote} hi josh, It can be, but my reflexive question was not asked specifically about your operativity, that I see now you manage perfectly, rather by careful to understand where we are at any given time in the market. understand where we are and why the price is moving in one direction or another, in conjunction with the quality of the movement, it can make a considerable operational advantage. if (speaking of index ie) we are in a risk appetite phase, with correlation confirmations, and the movement can be defined qualitatively 'high volatility...
Thank you for the explanation. Perfectly?
You flatter me. I agree with the principle fully. It does however take experience to see through the "fog of war" that is always there. Best, Josh
- #7,596
- Edited 4:51am Aug 11, 2016 4:24am | Edited 4:51am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
How are you guys.... long time... I wonder if someone here has experimented this method with range bars?
dax with rangebar
info indi and tmpl found in this 3d
http://www.forexfactory.com/showthread.php?t=583609
edit
out on k cut
nescentia necat
{quote} still experimenting.. dax with rangebar info indi and tmpl found in this 3d http://www.forexfactory.com/showthread.php?t=583609 {image} edit out on k cut {image}
- #7,598
- Aug 11, 2016 5:15am Aug 11, 2016 5:15am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} Looks like the experiment is going very well. Congrats on the green pips.
but
mt4 offline charts are a bit boring
coz you have to setup a lot of charts..
and heavy cpu stress..
nescentia necat
- #7,599
- Aug 11, 2016 6:40am Aug 11, 2016 6:40am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
